Top economists and industry experts are raising alarms over the European Union's recent push to limit imports of green energy products from China. 🔌⚡️ Nobel laureate Michael Spence, in a South China Morning Post interview, called the move a “costly misstep” that could derail global sustainability goals.
China currently leads the world in solar panel production, EV innovation, and battery tech – sectors critical to reducing carbon emissions. 🌱🚗 Spence emphasized that blocking these exports would “slow down the energy transition” and make climate targets harder to achieve. His warning echoes concerns from academics who argue collaboration, not barriers, is key to tackling the climate crisis.
With the EU aiming for carbon neutrality by 2050, experts suggest the restrictions might backfire by raising costs for renewable projects. 💸🌿 As one analyst put it: “You don’t fight wildfires by restricting water sources.”
